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Dec 26, 2012
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second highest on the street just behind bank of america. he's higher than goldman, barry knap at barclays. is he going to be right? >> i'm very confident. i like what we're hearing out of china. i like what we're seeing out of our housing market. the financials are why we are where we are right now. i think the financials if things start to ease up a bit, you see the did he ha the dividends coming back, i think they're going higher. >> is that the trade that works in 2013 right there, thexls financials? >> absolutely. 100%. financials are deck side and i will tell you on the dale earnhardt side, there's tremendous demand and that is the trade. >> coming up on the halftime report, we go to the pits to find out what's coming up on the trades in oil. >>> the falling in. how this big mover is affecting exports and much more. we'll be right back. >>> "fast money" isn't about a bull market, it will be going up down and sideways. >> in the blipg of an eye things trade. >> we're doing what we do as a living and we're august together as a team but w
second highest on the street just behind bank of america. he's higher than goldman, barry knap at barclays. is he going to be right? >> i'm very confident. i like what we're hearing out of china. i like what we're seeing out of our housing market. the financials are why we are where we are right now. i think the financials if things start to ease up a bit, you see the did he ha the dividends coming back, i think they're going higher. >> is that the trade that works in 2013 right...
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Dec 19, 2012
12/12
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i mean p let's just think about the logic for a second. they're thinking about voting for raising taxes, at least on folks over $1 million, which they say they don't want to do. but they're going to reject spending cuts that they say they do want to do. that defied logic. there's no explanation for that. i think that any objective person out there looking would say that, you know, we put forward a very balanced plan, and it's time for us to get it done. that's what the country needs right now. i think, you know, folks have been through some wrenching times. we're still recovering from a very tough recession. what they're hoping for is a sense of stability, focus, compromise, common sense, over the next couple of years. i think we can provide it, but this is a good test for it. okay? carol lee. there you are. >> just to follow on ben's question, what is your next move? are we just in a position where you're waiting for the speaker to make a move? >> i'm going to reach out to all the leaders involved over the next couple of days and find out
i mean p let's just think about the logic for a second. they're thinking about voting for raising taxes, at least on folks over $1 million, which they say they don't want to do. but they're going to reject spending cuts that they say they do want to do. that defied logic. there's no explanation for that. i think that any objective person out there looking would say that, you know, we put forward a very balanced plan, and it's time for us to get it done. that's what the country needs right now....
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Dec 13, 2012
12/12
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. >> can you tell me in 20 seconds why you think gold will hit 2400? >> every nation in the world is printing money. gold is a hard currency. they'll continue to print in this monetary experiment because they've got nowhere else to go and a cause of when we believe gold will continue to outperform. technical pattern looks good. doesn't look like a bubble. it is nowhere near in percentage terms of what we saw in the 70s. >> good to have you on the show. thanks for coming on. >> tom fitzpatrick. final trades when we come back. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. enjoy free shipping wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i
. >> can you tell me in 20 seconds why you think gold will hit 2400? >> every nation in the world is printing money. gold is a hard currency. they'll continue to print in this monetary experiment because they've got nowhere else to go and a cause of when we believe gold will continue to outperform. technical pattern looks good. doesn't look like a bubble. it is nowhere near in percentage terms of what we saw in the 70s. >> good to have you on the show. thanks for coming on....
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Dec 11, 2012
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and their reacceleration of gdp growth going into the second half of 2013. you think he's on the money or where would you differ from that opinion? >> we do agree that gdp should accelerate over the course of 2013. i think the real question is, what is the first half of 2013 look like? i think if the overall fiscal drag is greater than 1.5% it's going to be data dependent. there's not going to be a whole lot of confidence or willingness to immediately assume we get healthy gdp growth in that first half. >> david, i'm sorry. finish your thought quickly. i apologize. >> the first half i think is the key focus of investors. and in the first half seeing what china does and there's some signs of moderate acceleration and importantly what business spending and u.s. exports do, that's key for the s&p earnings outlook. and we, too, think that the earnings outlook in the first half will be relatively meager in terms of growth. but we're expecting stronger earnings growth on the back half of next year. >> we've been highlighting almost on a daily basis companies that
and their reacceleration of gdp growth going into the second half of 2013. you think he's on the money or where would you differ from that opinion? >> we do agree that gdp should accelerate over the course of 2013. i think the real question is, what is the first half of 2013 look like? i think if the overall fiscal drag is greater than 1.5% it's going to be data dependent. there's not going to be a whole lot of confidence or willingness to immediately assume we get healthy gdp growth in...
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Dec 31, 2012
12/12
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and second of all, the fed. at this point ben bernanke isn't rumplestiltskin. even if this cliff deal is inacted, we'll say good luck in a month with the debt ceiling. in terms of the real economy and stocks, profits importantly have benefited tremendously in recent years from lower interest expense and low growth wage. so at some point the tail winds are going to end. >> you guys were expecting 5% in stocks for 2012, obviously the s&p 500 has done 11.5% heading into today with a whole slew of issues that have been facing us. has that surprised you what the market has been has resilient as it has been given a long list of laundry issues? it is not like your tune has changed here. you guys have been on the steady, more droward drum beat and they just have not panned out that way. >> well, we forecasted 5% in the bond market, although the total return fund is done 10% plus. the 10% plus in the stock market has come at the cast of ben bernanke and the check writing. to the extent that continues, you'll see money move out from bonds into risk assets and i think tha
and second of all, the fed. at this point ben bernanke isn't rumplestiltskin. even if this cliff deal is inacted, we'll say good luck in a month with the debt ceiling. in terms of the real economy and stocks, profits importantly have benefited tremendously in recent years from lower interest expense and low growth wage. so at some point the tail winds are going to end. >> you guys were expecting 5% in stocks for 2012, obviously the s&p 500 has done 11.5% heading into today with a...
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Dec 27, 2012
12/12
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while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> good afternoon. coming up at the top of the hour in "power lunch," senate majority harry reid said america is probably going over on the fiscal cliff. what will that mean for you? >>> home prices heading for their first annual gain since 2006. has house iing finally turned t corner. will 2013 be the year for shopping? right now, back to scott for the home report. >> thanks. >>> shares of amazon surged 22% this year but is it over? murph has info on this. >> the last time amazon got over to these levels and rolled over, it traded at $218 range. expecting some weakness due to the cliff, we shorted the stock and more today. there's too many things working against amazon, 500 times earnings. we're also long apple ten times earnings.
while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> good afternoon. coming up at the top of the hour in "power lunch," senate majority harry reid said america is probably going over on the...
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Dec 17, 2012
12/12
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with the second tier tellco player in china. they don't seen have to deal with the primary telco player which is china mobile. >> i'm going to fill in the blanks as we go. >> i feel like marvin lewis here. i guess i'm the straight guy again. in any event when they launch the iphone 5 more broadly they had 3 million units sold over a period of five days in multiple countries. here we are in one country. so the question is, number one, that couldn't have been your estimates, because apple didn't tell you that, and in your reanalysis, and number two, if they do sign the deal with china mobile, what's that do to your estimates and your outlook on the stock? >> so two things. one, yes, i think that 2 million unit number is good, and i think the language apple uses in the press release makes that very clear. with respect to china mobile, you have to look at it a couple of ways. apple already sells units on the china mobile network, just not officially through the network. people who are subscribers of china mobile already buy iphones,
with the second tier tellco player in china. they don't seen have to deal with the primary telco player which is china mobile. >> i'm going to fill in the blanks as we go. >> i feel like marvin lewis here. i guess i'm the straight guy again. in any event when they launch the iphone 5 more broadly they had 3 million units sold over a period of five days in multiple countries. here we are in one country. so the question is, number one, that couldn't have been your estimates, because...
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Dec 3, 2012
12/12
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. >> yeah, so i'll answer the second question first. our forecast for 2013 is that we're going to have $99 in s&p earnings. the street is now at $113. i guess the good news is, we see the earnings troughing in the april time frame and beginning to grow after that. so you could have some earnings growth, which is i think more optimistic than where it was a year ago. but the problem is the consensus numbers have to come down. so your question is tricky, josh. i think everyone knows the numbers are going to come down. we're not paying for the $113 now. abo but as they come down, will you be afraid they go way lower. that's really the key debate, right? and i think people could be afraid around the fiscal cliff or around supply issues on oil or europe, you know, looking pretty weak. so there's a number of things that could spook people. but i would say the numbers have to come down a lot for 2013. >> adam, sounds like you're more optimistic on china. where do you come out on the commodity side? where would you be investing if at all in that
. >> yeah, so i'll answer the second question first. our forecast for 2013 is that we're going to have $99 in s&p earnings. the street is now at $113. i guess the good news is, we see the earnings troughing in the april time frame and beginning to grow after that. so you could have some earnings growth, which is i think more optimistic than where it was a year ago. but the problem is the consensus numbers have to come down. so your question is tricky, josh. i think everyone knows the...
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Dec 12, 2012
12/12
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we'll go back to fast money halftime in a second. the news conference does begin in the 2:00 eastern time hour. tune in to "street signs." ben bernanke will kind of be our special guest. i hear that randolph and mortimer duke are buyers, not sellers. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. we believe the more you know, the be
we'll go back to fast money halftime in a second. the news conference does begin in the 2:00 eastern time hour. tune in to "street signs." ben bernanke will kind of be our special guest. i hear that randolph and mortimer duke are buyers, not sellers. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to...
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Dec 18, 2012
12/12
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second of all, they are trying to make a lot of cloud in the head space. and i think they will. you have to believe in meg. if you don't believe in meg, you shouldn't be long this name. >> and you wleef in her? >> i do. i believe they are going to start their r & d to '02. i think you're going to see a lot of 3-d printing headlines. they did have an agreement with another 3-d printer company but i think you're going to see them do it on their own and that's why they backed off. it was more of a distribution deal that they had with the over company. >> the washout that we had just after earnings, judge, when the stock traded down to 1150-ish. again, these are small dollarwise moves that is enormous and just when you would not think that following weekly options, still a little long but basically have written a lot of calls against it now. >> and only if they could get the fundamentals to cooperate, huh? >> it's so true. topeka downgraded it today. so you want to look at a couple of things. look at the 14 and nick he will-ish range here down to the 50-day moving average of 1378. i
second of all, they are trying to make a lot of cloud in the head space. and i think they will. you have to believe in meg. if you don't believe in meg, you shouldn't be long this name. >> and you wleef in her? >> i do. i believe they are going to start their r & d to '02. i think you're going to see a lot of 3-d printing headlines. they did have an agreement with another 3-d printer company but i think you're going to see them do it on their own and that's why they backed off....
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Dec 28, 2012
12/12
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we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. there we don't think the china recovery and the better tone in europe are fully priced. industrials traded at market multiple. we think when it is a risk on pro cyclical environment you should see industrials trade at a bit of a premium to the market. >> why wouldn't you say financials? wher
we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a...
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Dec 10, 2012
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often go for the etfs as the way to play something like this, but given that it's china, i think the second largest customer of china, the u.s., avoiding the fiscal cliff, will be very good for them. you look at the build that it's had over the past three weeks, judge, it's up from roughly 35, pushing up towards 39 right now, that etf is, and i think if and when we do push this behind us, the fiscal cliff, that is, i think this one goes into the mid 40s. so i would buy fxi. >> let's debate these around the table a little bit. stephanie? i mean you're more positive i guess than negative on china. you like the fxi? >> we have been involved in it for awhile. we like a lot of the industrials. we like a lot of the mining stocks. >> have we talked about that one? >> maybe just a little bit. i do think you are definitely seeing some momentum pick up in china. and some of the nonbelievers are starting to become believers. and the data over the weekend was pretty compelling. other than the trade data and the export data, which i think people are expecting it to be a little bit soft given what's goin
often go for the etfs as the way to play something like this, but given that it's china, i think the second largest customer of china, the u.s., avoiding the fiscal cliff, will be very good for them. you look at the build that it's had over the past three weeks, judge, it's up from roughly 35, pushing up towards 39 right now, that etf is, and i think if and when we do push this behind us, the fiscal cliff, that is, i think this one goes into the mid 40s. so i would buy fxi. >> let's...
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Dec 7, 2012
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first target, 81.50 and second target all the way down to 80. if the deal gets done, then, of course, the trade doesn't get done and we're not hurt and the market will rally and go up. >> appreciate it, boris. be well. see you soon. >> thank you. >> you can get more on this today on cnbc's "money in motion." that program airs every friday at 5:30 p.m. eastern time. >>> let's play a little hold 'em fold 'em with several stocks. first up, proctor & gamble. pete, what do you look? >> when you look at companies who continue to innovate themselves and product lines continue to make them better, the refreshes and so forth, and the fact that they could do a lot more share repurchasing, i think despite the fact that it's near the highs, it could go it. >> campbell's soup, the stock also at a 52-week. recently announced a special div. >> i fold this one. i think margins will be underpa in the food space. up here at a you new 52-week high, i would get out. >>> up next even more stocks to talk about in the biggest "pops & drops" in today's trading. i put a
first target, 81.50 and second target all the way down to 80. if the deal gets done, then, of course, the trade doesn't get done and we're not hurt and the market will rally and go up. >> appreciate it, boris. be well. see you soon. >> thank you. >> you can get more on this today on cnbc's "money in motion." that program airs every friday at 5:30 p.m. eastern time. >>> let's play a little hold 'em fold 'em with several stocks. first up, proctor & gamble....
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50
Dec 4, 2012
12/12
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i think the likelihood in 2013 that there is a second half of the year recovery and growth for the u.s. market is somewhat not as bull iish for gold and for silver itself. so i think a lot of people have incorrectly placed themselves as gold and silver traders. i don't suggest doing it. >> i think what you're seeing in the gold markets right the now and you've seen early morning trades coming in and gold selling off dramatically, a lot of talk that it's some very large hedge funds unwinding big positions. the sell-off in gold here presents a buying opportunity. it's come down enough i think you can buy it here for a push back high enough. >> if you look at paulson, it's another year of bad performance. they're pulling money out. he's one of the biggest holders of gold. i would guess that he's probably selling and pressuring the market. others are following suit. so to me you can't trade gold, as squoe says, it's an emotional trade, no real way to pay the intrinsic value. i stay away. >> a good point you bring up about mr. paulson, obviously don't know what he's doing with the position
i think the likelihood in 2013 that there is a second half of the year recovery and growth for the u.s. market is somewhat not as bull iish for gold and for silver itself. so i think a lot of people have incorrectly placed themselves as gold and silver traders. i don't suggest doing it. >> i think what you're seeing in the gold markets right the now and you've seen early morning trades coming in and gold selling off dramatically, a lot of talk that it's some very large hedge funds...
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Dec 21, 2012
12/12
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john najarian at the beginning -- hold on one second. you got to get off center stage for just a moment. 2012. okay? 2012, john najarian told all of us the best trade was that r.i.m. was going to get taken out. he is now arguing the bear case for r.i.m. do you know what that means? in 2013 r.i.m. is getting taken out. >> that's right. microsoft, baby. >> all right. also want to point out to you guys that senator reid is going to speak at 1:00 likely when he finishes speaking with steven weis probably. >> he is not coming to cut into my air time is he? >> senator reid speaking at 1:00. you'll see that live on power lunch. the latest on the fiscal cliff there. next on "halftime" is the dollar on the verge of a big move as fiscal cliff talks stall in d.c.? our money in motion trade is next. in a few minutes we'll reveal another top trade of 2012 and whether it can continue to reward shareholders in the new year. we're back in two. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dre
john najarian at the beginning -- hold on one second. you got to get off center stage for just a moment. 2012. okay? 2012, john najarian told all of us the best trade was that r.i.m. was going to get taken out. he is now arguing the bear case for r.i.m. do you know what that means? in 2013 r.i.m. is getting taken out. >> that's right. microsoft, baby. >> all right. also want to point out to you guys that senator reid is going to speak at 1:00 likely when he finishes speaking with...
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Dec 6, 2012
12/12
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carl icahn, this is the second bite at the apple. follow them to blockbuster, you'd have gone broke because they went belly up. the content costs are the principal consideration and you're in an arms race with much better funded companies such as the cable companies so you're making this essentially a battle that netflix can't win and i don't think you ever own stock just for a take. >> we go to the market flash desk now, pretty active market, mary thompson what do you see? >> we're watching yum brands, scott, up about 1.7%. basically today there was an annual investor meeting and the company's ceo david novak giving guidance on china saying same-store sales there should be in the mid single digits in 2013, this comes after the company's forecast of a 4% drop in china same-store sales fourth quarter. china is the biggest market, company saying it plans to open more higher margin pizza hut stores in smaller cities where the competition is less and the costs are less as well. >> joe, news like this coming out from the ceo making what a
carl icahn, this is the second bite at the apple. follow them to blockbuster, you'd have gone broke because they went belly up. the content costs are the principal consideration and you're in an arms race with much better funded companies such as the cable companies so you're making this essentially a battle that netflix can't win and i don't think you ever own stock just for a take. >> we go to the market flash desk now, pretty active market, mary thompson what do you see? >> we're...
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Dec 14, 2012
12/12
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a florida bowling alley to accomplish the fast lane feat he had to hit about one strike every seven seconds. you guys need to wear your fast money bowling shirts. coming up on halftime we head to the pits to find out if commodity traders are buying the china recovery story. plus walmart shares down big this week. but does the pullback mean it's time to buy? we'll debate that. for teen spenders to upscale consumers we're taking stock of holiday spending activity one of the nation's largest shopping mall chains. back after this. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're gr
a florida bowling alley to accomplish the fast lane feat he had to hit about one strike every seven seconds. you guys need to wear your fast money bowling shirts. coming up on halftime we head to the pits to find out if commodity traders are buying the china recovery story. plus walmart shares down big this week. but does the pullback mean it's time to buy? we'll debate that. for teen spenders to upscale consumers we're taking stock of holiday spending activity one of the nation's largest...